Reggie Fils-Aime is a gaming shopper

Reggie Fils-Aime is a gaming shopper ...

The GamesBeat Summit 2022 will be held for the first time in 20 years, starting April 26-28th.

Reggie Fils-Aime, the former president of Nintendo of America, spoke with Danny Pea about the problems that are driving the gaming industry in our keynote session.

Fils-Aime has a memoir, titled "Fils-Aime," that will be released on May 3rd. It aims to tell his story and his non-linear career paths in a way that can teach others.

Learning from failure

"The way we learn is by analyzing our failures and applying those lessons moving forward," he said. While Fils-Aime was at Nintendo, he handled some big successes. Despite being also at Nintendo, he was also at the Wii U, which is the lowest-selling home console. Nintendo used those lessons to create the Switch.

He introduced the Nintendo 3DS' launch price to $250, which is a far greater advantage for Nintendo. At that price, only core Nintendo fans purchased the device. Nintendo had to lower the cost to $170, allowing it to reach a larger audience.

Fils-Aime and Nintendo gained a lot of trust as a result of these mistakes. Pea asked him if he had any insight to share with Nintendo's main competitors.

"Personally, I believe that Game Pass is a really remarkable strategy," Fils-Aime said, although he noted that Microsoft must improve its messaging about the service. PlayStation, according to Fils-Aime, is required to address its supply issues.

Reggie on the metaverse and NFTs

To me, the metaverse is digital, immersive, and a way that has perseverance in execution. Its a common currency, said Fils-Aime, noting that VR may be used in conjunction with other platforms, and that player avatars must be valued.

He is bullish about Meta's definition of the metaverse, although he is not on board with the company's strategy. He describes the company as more of a follower and less of an innovator. He believes that establishing a true metaverse will require collaboration and collaboration.

He described himself as adamant on NFTs and blockchain. He explained that he did a lot of Animal Crossing: New Horizons, but hasn't played in awhile. He'd prefer to have his island monetized with respect. "It must be done thoughtfully," said Fils-Aime.

Other disruptors

The majority of its disruption outside of NFTs and the metaverse is expected, particularly with mergers and acquisitions.

Fils-Aime notes that Bungie's acquisition will assist Sony in the live services sector. He believes that Microsoft's acquisition of Activision Blizzard is a powerful financial play, although it remains to be seen how Microsoft integrates such a large entity.

A lot of developers will come to the rescue, looking for more creative ideas, from all of these mergers and acquisitions, which will result in a fresh wave of independent and smaller studios.

Valve's new handheld device is similar to the Switch. Fils-Aime believes the Steam Deck is overpriced for what it is, prohibiting it from becoming mainstream. However, Valve is on the verge of succeeding.

Despite the fact that E3 is sitting this year out, were all adapting to event planning.

Fils-Aime noted that when he visited his first E3 with Nintendo in 2004, it became a consumer show. He believes that Geoff Keighley will pick up the flaw this year with Summer Game Fest.

Nintendo even got into the digital showcase game early, but Fils-Aime insists that it is important to get games into fans' hands before they can be launched. "I believe you can do both."

When it comes to talking about the game industry, GamesBeat believes that it is "where passion and business"

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